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Showing posts from August 27, 2017

Chinese ‘rigidity’ rattles businesses Afshan Subohi August 28, 2017 Pakistani businesses find the Chinese too mechanical and rigid to deal with. Accustomed to a Western business negotiation and partnership style they found the predetermined and strictly limited terms of engagement of our Oriental partners a bit unsettling. It is not an accident that despite the scope and promise, the private sector’s share in projects under the CPEC umbrella is negligible. Faced with a completely different style of doing business, the private sector finds it difficult to keep its head above water Naheed Memon, chairperson of the Sindh Board of Investment, told Dawn recently that she expected a significant increase in the participation of the private sector once special economic zones become operational. Khizar Hayat Gondal, federal secretary for industries, promised to share information but nothing was received till filing of this report. Board of Investment

‘Sadiqabad to have export terminal under CPEC’ MULTAN: Federal Board of Revenue Member (Customs) M Zahid Khokhar has said that an export terminal will be set up in Sadiqabad under the China-Pakistan Economic Corridor (CPEC). Addressing the Multan Chamber of Commerce and Industry (MCCI) here on Saturday, he said that a model multi-transit hub would also be established in Muzaffargarh to facilitate exporters and importers. He said that the upcountry dry ports were losing attraction day-by-day and importers and exporters mostly used the Karachi port. He said that the Multan dry port was giving a deserted look as the traders of south Punjab were clearing their consignments from Karachi. He said that the FBR had revised regulatory duty (RD) on the import of 700 items in the new fiscal year. He said that 2,500 to 3,000 GD files were processed daily in Karachi. Zahid Khokhar said that the Pakistan Customs was trying to assist the FBR in its revenue co

CPEC and Chinese Interests in Pakistan Though an industrial giant, Chinese interest in Pakistan’s varied hinterland and agricultural produce draws on her need to feed a population of 1.37 billion. The USA with population of 321 million, has six times more arable land than China. In 2012, China surpassed USA to become world’s largest importer of agricultural products. Despite achieving high per acre yield, only 15 percent of China’s land area can be cultivated. China’s limited space for farming has been a problem throughout its history, leading to chronic food shortage and famine. While the production efficiency of farmland has grown over time due to modern agricultural technologies and genetically engineered crops, it is still insufficient to meet the demands of burgeoning Chinese population. China’s aspirations of fulfilling its food needs utilising Pakistani land should prompt Pakistani authorities to do their homework, so they can al

Braving security fears, Chinese seek 'Silk Road' riches in Pakistan REUTERS 28/08/2017 By Drazen Jorgic and Brenda Goh LAHORE, Pakistan/SHANGHAI (Reuters) – Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan. Zhang, 48, is one of a growing number of Chinese pioneers sensing an opportunity across the Himalayas in Pakistan, where Beijing has pledged to spend $57 billion (£44 billion) on infrastructure projects as part of its “Belt and Road” initiative. Numbering in the thousands, this second wave of Chinese arrivals are following in the wake of workers on Belt and Road projects. Some are opening restaurants and language schools, while others are working out what products they could sell to a market of 208 million people, or what goods they could make cheaply in Pakistan to sell around the worl

Govt asked to expedite work on CPEC project ISLAMABAD -  Islamabad Chamber of Small Traders on Sunday said new US offensive and political turmoil at home should not be allowed to hit China Pakistan Economic Corridor (CPEC). Similarly, conspiracies of the enemy nations and forces inside the country that are opposing this project should be monitored to foil their unholy designs, it said. Politicians should stop pushing personal agenda and think about the national interests at this critical juncture, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt. He said that China and Pakistan should expedite work on this project so that it could be completed well in time which will bring conspiracies and rumors to an end. Shahid Rasheed Butt said that enemy countries are trying their best to damage the project while their agents in Pakistan who have damaged many mega projects are conspiring against CPEC. The government must take note o

The Dilemma of Expeditious and Affordable Justice By: Siraj Ahmed Mirwani The Constitution of Pakistan 1973 through its Article 37(d) enunciates that it’s the state’s responsibility to ensure inexpensive and expeditious justice; to public. It has been noticed with a serious concern that majority of the courts are facing a mammoth challenge of pendency of cases at their disposal. High numbers of civil and criminal cases are lying pending in Supreme Court, Higher Courts, Tribunals, National Accountability Courts, and Banking Courts and in some District Courts of highly congested areas. The state has failed to serve inexpensive and expeditious justice to the public, which is their very fundamental right of the public and the constitutional obligation of the state. Majority of the delayed cases are of civil nature. As far as the issue of inexpensive justice is concerned; there is no effective standard operating procedure which can determine the fee charg

State Bank supports creation of Bank of Balochistan By  Our Correspondent Published: August 27, 2017 The governor expressed his confidence in the banks’ commitment to achieving the agriculture credit target of Rs1,001 billion for FY18 and increasing the outreach to agriculture borrowers by one million. PHOTO: FILE QUETTA :  State Bank of Pakistan (SBP) Governor Tariq Bajwa has called on banks to address critical challenges in the agriculture sector in an attempt to ensure provision of finance to small and marginalised farmers, correct the geographical and sector imbalances and fund non-crop activities. “In order to successfully harness the untapped potential of agriculture, it is necessary to meet its credit demand,” Bajwa said while presiding over a meeting of the Agricultural Credit Advisory Committee (ACAC) late on Friday evening. In particular, he said, financial institutions needed to come up with new ideas and products for spreading their ou

CPEC a challenge to India’s sovereignty: Army chief  0 BY  MUHAMMAD RAAFI  ON AUGUST 27, 2017 KASHMIR LATEST NEWS Srinagar:  Indian army chief has said that China continues to enhance its influence in the regional security environment. “It is doing so by increasing defence and economic partnerships in the neighbourhood, especially in Pakistan, Maldives, Sri Lanka and Myanmar. The China-Pakistan Economic Corridor (CPEC) passing through Pakistan administered Kashmir (PaK) challenges India’s sovereignty,” General Bipin Rawat said in Bihar on Saturday. He slammed Pakistan for “waging a proxy war” in Jammu and Kashmir and said the “increasing presence of transnational actors with fundamental ideologies” in that country is a matter of “grave concern”. “Pakistan’s unabated reliance and support to Jihadi groups have serious ramifications. This can lead to the possibility of Pakistan being a conduit for the eastward spread of fundamentalist and the Islamic id

Exiled Baloch leaders hail Trump's Afghan strategy

Exiled Baloch leaders hail Trump's Afghan strategy ByLalit K JhaOn Aug 27, 2017 - 12:40 WASHINGTON (Pajhwok): Exiled leaders from Balochistan province have welcomed the Afghan strategy announced by US President Donald Trump and hoped America will act against Pakistan. “We urge the US government to fulfill its responsibilities to differentiate between its friends and foes in the region. We hope the US will not let us down this time,” said Switzerland-based exiled Baloch leader Nawab Brahumdagh Bugti. Brahumdagh Bugti, a grandson and political successor to teh Baloch nationalist leader, made the remarks in his address to an event marking the 11th assassination anniversary of Nawab Akbar Khan Bugti. “We welcome the new American strategy for dealing with Pakistan. President Trump said we have been paying Pakistan billions and billions of dollars. At the same time, they are housing the very terrorists that we are fighting.” It was what the Balochs have been saying for years and it

Pak Electronic Media on Trump's Afghan Policy

Download The impact of Mr. Trump’s address could be measured by the intensity of concern it generated in Pakistan. In almost all news channels and commentaries in the Pak media there was a sense of concern that the US might take its war on terror to Pakistan. Pakistani observers are worried about the US President’s decision to send more troops, grant US military autonomy of decision making on the ground, and to seek out and eliminate terrorists wherever they are, “for killers need to know they have nowhere to hide, that no place is beyond the reach of American might and American arms”. Pakistani authorities are paranoid that US may conduct drone attacks inside Pakistan and target terror groups. Pakistani commentators are extremely worried about Mr. Trump’s open invitation to India to play greater role in Afghanistan. It is being touted as a ploy to work together against China, and China-Pakistan Economic Corridor (CPEC). In some circles, there is a concern that it is the beginnin